--- title: "Tesla and SpaceX Shed $456 Billion, Elon Musk Loses Nearly $80 Billion in a Day" type: "News" locale: "en" url: "https://longbridge.com/en/news/304593072.md" description: "Tesla and SpaceX lost a combined $456 billion in market value over two days, with Musk's wealth dropping nearly $80 billion. Investors reassessed political exposure and AI expansion plans following Democratic victories in Texas, raising concerns about data-center construction delays. Tesla shares fell 10.77%, while SpaceX dropped 9.05%. Both companies face headwinds from potential regulatory hurdles regarding a possible merger and shifting political landscapes affecting their infrastructure projects." datetime: "2026-11-06T07:10:11.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/304593072.md) - [en](https://longbridge.com/en/news/304593072.md) - [zh-HK](https://longbridge.com/zh-HK/news/304593072.md) generator: "portal-rs" --- # Tesla and SpaceX Shed $456 Billion, Elon Musk Loses Nearly $80 Billion in a Day Key points: - Tesla shares sink 11% - SpaceX stock drops 9% - Musk wealth sheds $80B Two days of selling hit Musk’s companies hard, with investors reassessing political exposure and AI expansion plans. **📉 Two stocks, a $456 billion reversal** - Tesla and SpaceX lost a combined $456 billion in market value across Wednesday and Thursday, extending their post-election slide. - Thursday delivered the heaviest damage, with both companies falling substantially more than the broader market as investors reduced exposure to technology and AI infrastructure stocks. - Tesla closed Thursday down 10.77% at $343.69, losing $41.50 a share in one session. The decline followed Wednesday’s retreat, putting fresh pressure on a valuation tied partly to Musk’s ties to Washington and his big-ticket government contracts now up in the air. - SpaceX fell 9.05% to $123.62, finishing about 8.4% below its $135 IPO price from June. Its market capitalization stood near $1.68 trillion. **🏗️ Political risks meet AI spending fears** - Democratic victories have complicated the outlook in Texas, where both companies are headquartered. Candidates opposing data-center expansion won key races, raising concerns about construction delays and permit application rejections. - Both businesses have direct exposure to that buildout. SpaceX generated more than half its third-quarter sales from renting computing capacity, while Tesla markets battery-storage systems to data-center operators. - A potential Tesla–SpaceX merger adds another uncertainty. Musk said last month that special committees were exploring a deal, but the changed political environment could complicate regulatory approval. **💸 Musk’s fortune takes an $80 billion hit** - Musk’s estimated wealth fell $79.7 billion on Thursday, leaving him worth $785 billion on the Bloomberg Billionaires Index. He remains the world’s richest person (no tears were shed, most likely). - The company losses and Musk’s wealth decline measure different things. The $456 billion represents the reduction in both companies’ total equity value over two sessions. - Musk’s roughly $80 billion decline covers Thursday’s change in his estimated personal fortune, driven by the value of his ownership stakes. ### Related Stocks - [SPCX.US](https://longbridge.com/en/quote/SPCX.US.md) - [TSLA.US](https://longbridge.com/en/quote/TSLA.US.md) - [CRSH.US](https://longbridge.com/en/quote/CRSH.US.md) - [DSPC.US](https://longbridge.com/en/quote/DSPC.US.md) - [LOFF.US](https://longbridge.com/en/quote/LOFF.US.md) - [SNK.US](https://longbridge.com/en/quote/SNK.US.md) - [SPAL.US](https://longbridge.com/en/quote/SPAL.US.md) - [SPCF.US](https://longbridge.com/en/quote/SPCF.US.md) - [SPCG.US](https://longbridge.com/en/quote/SPCG.US.md) - [SPCH.US](https://longbridge.com/en/quote/SPCH.US.md) - [SPCM.US](https://longbridge.com/en/quote/SPCM.US.md) - [SPCU.US](https://longbridge.com/en/quote/SPCU.US.md) - [SSPC.US](https://longbridge.com/en/quote/SSPC.US.md) - [TESC.US](https://longbridge.com/en/quote/TESC.US.md) - [TESL.US](https://longbridge.com/en/quote/TESL.US.md) - [TEST.US](https://longbridge.com/en/quote/TEST.US.md) - [TLA.US](https://longbridge.com/en/quote/TLA.US.md) - [TSDD.US](https://longbridge.com/en/quote/TSDD.US.md) - [TSIB.US](https://longbridge.com/en/quote/TSIB.US.md) - [TSII.US](https://longbridge.com/en/quote/TSII.US.md) - [TSLG.US](https://longbridge.com/en/quote/TSLG.US.md) - [TSLI.US](https://longbridge.com/en/quote/TSLI.US.md) - [TSLL.US](https://longbridge.com/en/quote/TSLL.US.md) - [TSLO.US](https://longbridge.com/en/quote/TSLO.US.md) - [TSLP.US](https://longbridge.com/en/quote/TSLP.US.md) - [TSLQ.US](https://longbridge.com/en/quote/TSLQ.US.md) - [TSLR.US](https://longbridge.com/en/quote/TSLR.US.md) - [TSLS.US](https://longbridge.com/en/quote/TSLS.US.md) - [TSLT.US](https://longbridge.com/en/quote/TSLT.US.md) - [TSLV.US](https://longbridge.com/en/quote/TSLV.US.md) - [TSLW.US](https://longbridge.com/en/quote/TSLW.US.md) - [TSLY.US](https://longbridge.com/en/quote/TSLY.US.md) - [TSLZ.US](https://longbridge.com/en/quote/TSLZ.US.md) - [TSW.US](https://longbridge.com/en/quote/TSW.US.md) - [TSYY.US](https://longbridge.com/en/quote/TSYY.US.md) - [TYYY.US](https://longbridge.com/en/quote/TYYY.US.md) - [YSPC.US](https://longbridge.com/en/quote/YSPC.US.md) - [07766.HK](https://longbridge.com/en/quote/07766.HK.md) - [09366.HK](https://longbridge.com/en/quote/09366.HK.md) ## Related News & Research - [SpaceX delivered fantastic news for Qualcomm stock investors](https://longbridge.com/en/news/304646778.md) - [Is SpaceX Stock Worth Buying While It's Below $140?](https://longbridge.com/en/news/304084857.md) - [Sequoia partners reportedly blindsided when Roelof Botha joined SpaceX board](https://longbridge.com/en/news/304768458.md) - [Can SpaceX Overcome the AI Trade Sell-Off?](https://longbridge.com/en/news/303907541.md) - [Musk has little to show for his record spending on Republican campaigns in US midterms](https://longbridge.com/en/news/304514326.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**